MT2 Setup Mode Double MA Crossover HTF FastMA, HTF SlowMA, TripleMA Input SlowMA

Gbpusd_1_min_19_11_2010

MT2 Trend Trader is pictured trading a 1Min GPUSD chart in Setup Mode Double MA Crossover HTF FastMA based on 10min and HTF SlowMA based on the 30min with a TripleMA input of the slowMA dataseries


Red Dot Trade Setup Sell (Get Ready) Red Triangle Trade Entry Sell (Pull the trigger) Sell market, place stop above the previous candle high or a maximum of 20pips from the entry price
Green Dot Trade Setup Buy (Get Ready) Green Triangle Trade Entry buy (Pull the trigger) Buy market, place stop below the previous candle low or a maximum of 20pips from the entry price
If you are long and get a sell signal you simply sell, NinjaTrader will close the long and enter a new short - vice versa.
To trade Trend following systems you need to take every signal it gives you and stay in the trade until you get a reverse signal. You find with trend trading like this you will see that you get "choppy" narrow ranges that cost you and then longer runs that reward you.. Released with MicroTrends NinjaTrader Framework version 7.0.0.23 Due out 22nd November This chart was created by NinjaTrader. NinjaTrader is a FREE application for advanced charting, market analytics, automated strategy development and trade simulation. Download it now at www.ninjatrader.com